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of <h1>Amendment to Rule 3(7) of CENVAT Credit Rules: EOUs, EHTPs, STPs can claim CVD credit from March 1, 2006.</h1> The notification amends Rule 3(7) of the CENVAT Credit Rules, 2004, allowing credit equal to the amount of Countervailing Duty (CVD) paid by Export Oriented Units (EOUs), Electronic Hardware Technology Parks (EHTPs), or Software Technology Parks (STPs). Effective from the date of publication in the official Gazette, the amendment specifies that CENVAT credit for inputs and capital goods cleared on or after March 1, 2006, from these units, on which excise duty is paid under section 3 of the Excise Act, shall be calculated using a specified formula. This change is formalized under Notification No. 6/2006-Central Excise (N.T.).
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